Every year, Americans spend about $750 billion dollars for gasoline and electricity—about 4 percent of the economy—with roughly equal amounts spent to fuel vehicles vs. keeping the lights on and running our factories.
Where you live significantly affects how much you pay for these basic energy commodities.
Excepting Alaska and Hawaii due to their unique supply challenges, the highest gasoline prices in the nation this week were found in California—$3.23 per gallon. California also has the nation’s highest gas tax at $0.53 per gallon. The least expensive gasoline in the nation is found in Alabama at $2.27 per gallon. Alabama’s gas tax ranks 38th in the nation at $0.21 per gallon.
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